Once you have found the home that you wish to purchase, your Sales Associate will apply their professional training and do all the necessary research to help you structure an effective offer.
This is where your Sales Associate's negotiation skills come into play. When an offer is made, the seller will have the option of accepting, rejecting or counter-offering. Your Sales Associate will negotiate the best possible terms for you.
Your Sales Associate will draft an Offer to Purchase agreement, advising you of protective contingencies, customary practices, and local regulations. Home warranty, title and escrow arrangements will be detailed in the offer. Although your Sales Associate will give you advice and information, it is your decision as to the exact price and terms that you wish to offer.
In NYS, once your offer has been submitted & Accepted by the Sellers, you typically have 5-7 days to complete your professional inspections. If necessary, any terms, repairs or issues can be negotiated into the final Sale Price. Once all parties have agreed, the Seller's Attorney will draw up a contract and will continuously work with your Attorney for further negotiation.